Articles

Keywords

Mohamed El-Erian

Is the stock market pricing in a favorable outcome to President Donald Trump's tough trade rhetoric against China?
Byron Wien, vice chairman of private wealth solutions at Blackstone Group LP (NYSE: BX), said yes, although it's possible the trade war could worsen before it...

The rate hike came as no surprise. The Federal Reserve was widely expected to announce a 25-basis-point pop after its Wednesday meeting.
Instead, it was the nuance of the policy statement that piqued reactions.
“Seemingly comforted by domestic economic dynamism, and confident enough to brush...

After a brutal couple of weeks, the cryptocurrency market bounced back a bit on Tuesday, with most major cryptocurrencies trading higher by more than 3 percent. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the...

The U.S. unemployment rate fell from 4.1 percent in March to 3.9 percent in April — notably below the Street’s 4-percent forecast. The metric struck its lowest point since December 2000.
Why It’s Important
The percentages represent 239,000 fewer Americans facing unemployment, a...

Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...

Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday.
As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in...

The U.S. unemployment rate continued to decline throughout April to 4.4 percent against a 4.6-percent forecast and 4.5-percent March rate, according to a Friday employment report by the Bureau of Labor Statistics.
Economist Mohamed El-Erian said the lower rate could eventually manifest in higher...

"Irrational Exuberance," the phrase made popular by former Fed Chairman Alan Greenspan has come to haunt the markets once more. The markets have been on an extended rally, in place since the economy exited the Great Recession in 2009.
Rampaging Bull
Officially, the recession ended in...

After two consecutive months of better-than-expected payroll growth, with January and February beating estimates by a combined 87,000 jobs, the United States suffered a significant miss in its March employment figures.
According to the Bureau of Labor Statistics establishment survey, total nonfarm...

The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday.
The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent.
Despite the fact that rising interest rates are typically bad for stocks and commodities like...